This week has seen investors staking significant bets that nuclear power is poised to be a key element in company divestment from fossil fuels. It hasn’t taken long for this trend to affect stock markets. According to the Financial Times , the prices of raw or yellow cake uranium have risen to the highest levels we have seen since 2014. For any company whose holdings include uranium mining, this means a significant spike in prices. Cameco Corporation (NYSE: CCJ ) has enjoyed the ride, as have any shareholders with CCJ stock. CCJ and Others Are Winning This Week

Cameco is having a good a week as one might expect from the world’s biggest uranium mining company during a significant price boom. As of this writing, shares are up 6.45% on the day and 15.68% on the week. CCJ stock saw some significant declines in August but before the […]

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Wall Street Bets Triggers Uranium Rally: ETFs to Tap | Fintech Zoom

Energy prices have been on the rise this year on a recovery in demand from the worst of the COVID -19 lockdowns as well as limited supplies. Although natural gas and coal are surging to new heights, uranium has surged to the highest level since 2014 (read: Natural Gas ETFs Spike on Storm Threat and Tight Supply).

Most of the rally was driven growing social media attention. This is especially true as the Wall Street Bets forum, which spark an enormous rally in the so-called meme stocks like GameStop GME and AMC Entertainment AMC this year, has now zeroed in on uranium. Retail investors on Twitter are banking not only on uranium reversing its nearly decade-long bear market, but also kicking off a ” Nuclear Renaissance,” that will mark a radical transformation in energy production.

Additionally, the launch of the […]

Click here to view original web page at fintechzoom.com

NEW YORK, Sept. 10, 2021 /PRNewswire/ — The North Shore Global Uranium ETF (NYSE:URNM) has surpassed $500 million in assets under management (AUM) as of 9/9/21. Launched on 12/4/19, the fund has produced a cumulative return of over 157% (on a price basis) since its inception through 8/31/21.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Shares are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns. Returns for periods of less than one year are not annualized. For performance current to the most recent month end, visit https://urnmetf.com/urnm . High short-term performance of the fund is unusual, and investors should not expect such performance to be repeated.

“We […]

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Cameco Corp (NYSE: CCJ ) was skyrocketing up over 8% higher on Friday helping to pull the Global X Uranium ETF (NYSE: URA ) over 9% higher. The Saskatoon-based uranium producer is the world’s largest publicly traded uranium stock with a market cap of $9.9 billion.

The stock is trading down more than 55% from its June 2007 all-time high of $55.97 and in March 2020 it found a bottom at the $5.13 level and reversed upwards.

This September Cameco looks to be breaking up from a bull flag on the monthly chart with the pole created between November 2020 and June 2021 and the flag between June and August.

When a pattern is created on a chart using a larger time frame the break from the pattern can be larger and more powerful: A break from an hourly bull flag may last only an hour or two […]

Click here to view original web page at www.benzinga.com

This week has seen investors staking significant bets that nuclear power is poised to be a key element in company divestment from fossil fuels. It hasn’t taken long for this trend to affect stock markets. According to the Financial Times , the prices of raw or yellow cake uranium have risen to the highest levels we have seen since 2014. For any company whose holdings include uranium mining, this means a significant spike in prices. Cameco Corporation (NYSE: CCJ ) has enjoyed the ride, as have any shareholders with CCJ stock. Source: Shutterstock CCJ and Others Are Winning This Week

Cameco is having a good a week as one might expect from the world’s biggest uranium mining company during a significant price boom. As of this writing, shares are up 6.45% on the day and 15.68% on the week. CCJ stock saw some significant declines in August but […]

Click here to view original web page at investorplace.com

He is a trend watcher, Global Macro investor and Blogger at worldoutofwhack.com. He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives. He muses about global macro investment opportunities, economics, business, and financial issues.

1. Vietnam: The China of 1990s or more like Singapore

Vietnam is one of the five fastest-growing countries over the past 30 years As most countries slipped into a deep recession in 2020, Vietnam is one of the few countries to record positive GDP (2.9 per cent) during the pandemic. The country is now in the midst of the worst Covid outbreak with a swathe of factories either shut or slowed down, further disrupting the existing global supply chains.

Its openness to trade and investment, low labor costs, stable currency & capitalist political system had led to remarkable export expansion. So crucial have its factories become to the global […]

Click here to view original web page at economictimes.indiatimes.com

Cameco Stock Soars As The Uranium Sector Blasts Off, Options Traders Pile In – Cameco Corp. (CCJ)

Cameco Corp ( NYSE :CCJ) was skyrocketing up over 8% higher on Friday helping to pull the Global X Uranium ETF ( NYSE :URA) over 9% higher. The Saskatoon-based uranium producer is the world’s largest publicly traded uranium stock with a market cap of $9.9 billion.

The stock is trading down more than 55% from its June 2007 all-time high of $55.97 and in March 2020 it found a bottom at the $5.13 level and reversed upwards.

This September Cameco looks to be breaking up from a bull flag on the monthly chart with the pole created between November 2020 and June 2021 and the flag between June and August. When a pattern is created on a chart using a larger time frame the break from the pattern can be larger […]

Click here to view original web page at fintechzoom.com

What happened

Uranium mining stocks are hot Friday. As of 2:05 p.m. EDT, Energy Fuels (NYSEMKT: UUUU) shares are up 11.3%, followed by Denison Mines (NYSEMKT: DNN) with a 13.5% gain, Ur-Energy (NYSEMKT: URG) is up 13.7%, and Uranium Energy (NYSEMKT: UEC) is leading the pack higher — up 14.1%

And you can thank Sprott Physical Uranium Trust Fund (OTC: SRUU.F) for that. So what

As Financial Times reports today, the price of uranium yellowcake has soared to its highest level seen since 2014 as private investors bid against nuclear power companies for access to the fuel. Sprott in particular, reports Financial Times , has "snapped up" 6 million pounds of physical uranium, worth about $240 million, over the past couple of months, bringing its total holdings to about 24 million pounds. According to Bloomberg, that’s equivalent to about 26% of all uranium sold all around the world in 2020.Factor […]

Click here to view original web page at www.msn.com

Investment funds are shaping the uranium spot market leading to an unprecedented level of demand. How those funds will affect the availability of secondary supplies of uranium to consumers remains to be seen, and the spot market should not be seen as a reliable source for significant purchases of uranium ore in the long term, according to speakers and panellists at World Nuclear Association Annual Symposium 2021 . L-R: Munro, Lichtenwald, Rizvi and Batyrbayev These trends were highlighted in a panel discussion following the launch of the latest edition of World Nuclear Association’s Nuclear Fuel Report on 8 September and also by Kazatomprom Chief Operating Officer Askar Batyrbayev in a high-level session the next day.

"One thing that’s certainly in full gear in the uranium end of the fuel cycle right now is the role of investment funds, and new vehicles that have been set up to raise funds to […]

Click here to view original web page at world-nuclear-news.org

ASX uranium shares have boomed to multi-year highs following a boom in uranium prices. Uranium spot prices have been in a prolonged bear market , plunging from around US$136/lb in 2008 to below US$30/lb between mid-2016 and early-2020. It wasn’t until last week that uranium prices jumped to a six-year high of US$35/lb, largely thanks to one fund aggressively buying out the physical uranium market, tightening the market. “A new bull market” for uranium

The bullish performance of the underlying commodity has helped ASX uranium shares surge in the past few weeks.

The jump in uranium prices has been fueled by the aggressive buying from investment firm, Sprott Inc.

Sprott launched its Physical Uranium Trust (SPUT) in July this year and emerged as the world’s largest actively managed uranium fund.According to Bloomberg , Sprott has amassed over 24 million pounds of uranium.To add some perspective, uranium investment firm Yellow Cake PLC […]

Click here to view original web page at www.msn.com

Nuclear power is needed to keep the lights on Sizewell nuclear power station © Chris Ratcliffe/Bloomberg via Getty Images

Plenty of commodities are getting close to or are already at record highs. But one perennial laggard has enjoyed rather a spike in the last week.

The price of uranium rose by around 15%, with the price hitting more than $40 a pound for the first time in six years.

That’s the sort of gain not seen since before the Fukushima disaster in Japan in 2011, which led to nuclear shutdowns in both Japan and Germany.So today we ask: what on earth is going on in the uranium market? Why is the uranium price spiking? Uranium had been ambling gently higher over the past year or so, but it’s not exactly been tin or nickel.Instead, what’s happened is that a big fund has entered a small market and has been buying the stuff […]

Click here to view original web page at moneyweek.com

Sibanye-Stillwater’s Cooke 3 Plant. Sibanye-Stillwater has a range of renewable energy projects in the pipeline, including solar and wind.

The company has plans to be carbon neutral by 2040.

Uranium is an energy resource that Sibanye aims to explore from its existing asset base.

The global shift towards green energy has ignited an appetite for uranium production in Sibanye-Stillwater, with the company exploring opportunities in the resource which it says has long been unloved.Sibanye is no stranger to uranium production. It shipped its first uranium oxide in 2014 from its Ezulwini plant. Speaking to investors on Thursday, CEO Neal Froneman, stated the growing commitment to nuclear energy especially in the Asia Pacific region, including its appeal as a green energy resource.Froneman said Sibanye had "significant uranium resources" at its Beatrix West and Cooke Tailings, as well as processing infrastructure."We have a significant asset base to build […]

Click here to view original web page at www.news24.com

Uranium rose to trade at its highest levels since 2014 on Thursday, as mining house Sibanye-Stillwater emphasised its commitment to capitalising on the commodity’s run, with CEO Neal Froneman predicting the metal’s continued rise.

Sibanye-Stillwater is gearing up for a future beyond the platinum group metals (PGMs) boom, pinning its hopes on advancing green metals into its portfolio as a way to create shareholder value and demonstrate to investors its commitment to cleaner energy sources.

The group is also putting a strategy in place to develop its uranium assets in anticipation of nuclear power playing a major role in global energy due to it emitting no carbon.

“Uranium has been identified and has always been a green metal. As the world become more sensitive to CO ² emissions, nuclear energy has emerged as an alternative, zero carbon-based generation option, to complement renewable energy,” Froneman said at an investor presentation on Thursday.Uranium is […]

Click here to view original web page at www.businesslive.co.za

Energy prices have been on the rise this year on a recovery in demand from the worst of the COVID-19 lockdowns as well as limited supplies. Although natural gas and coal are surging to new heights, uranium has surged to the highest level since 2014 (read: Natural Gas ETFs Spike on Storm Threat and Tight Supply ).

Most of the rally was driven growing social media attention. This is especially true as the Wall Street Bets forum, which spark an enormous rally in the so-called meme stocks like GameStop GME and AMC Entertainment AMC this year, has now zeroed in on uranium. Retail investors on Twitter are banking not only on uranium reversing its nearly decade-long bear market, but also kicking off a " Nuclear Renaissance," that will mark a radical transformation in energy production.

Additionally, the launch of the Sprott Uranium Physical Trust in mid-August contributed to the rally. Investment […]

Click here to view original web page at www.entrepreneur.com

Hi, there! The most scintillating news on the exchange-traded fund beat may be what one of our colleagues at MarketWatch reported earlier this week. Basically, a Canadian fund is buying uranium to store it — and keep it out of the hands of the nuclear power plant operators who need it. We’ll touch on that a little.

Video: Big call buying in this mining stock (CNBC) No compatible source was found for this media.

Meanwhile, Japan ETFs are on fire (see attached table) thanks, perhaps, to Yoshihide Suga, who said Sept. 3 that he was stepping down as prime minister after criticism of his handling of COVID-19.

You know what to do: Send tips, or feedback, and find me on Twitter at @mdecambre to tell me what we need to be jumping on.A boom in uranium ETFsUranium funds are enjoying boom times. Notably, the Global X Uranium ETF has surged […]

Click here to view original web page at www.msn.com

ASX uranium shares have boomed to multi-year highs following a boom in uranium prices. Uranium spot prices have been in a prolonged bear market , plunging from around US$136/lb in 2008 to below US$30/lb between mid-2016 and early-2020. It wasn’t until last week that uranium prices jumped to a six-year high of US$35/lb, largely thanks to one fund aggressively buying out the physical uranium market, tightening the market. “A new bull market” for uranium

The bullish performance of the underlying commodity has helped ASX uranium shares surge in the past few weeks.

The jump in uranium prices has been fueled by the aggressive buying from investment firm, Sprott Inc.

Sprott launched its Physical Uranium Trust (SPUT) in July this year and emerged as the world’s largest actively managed uranium fund.According to Bloomberg , Sprott has amassed over 24 million pounds of uranium.To add some perspective, uranium investment firm Yellow Cake PLC […]

Click here to view original web page at www.msn.com

Nuclear power plant Over 10 years ago, a disaster in Japan cast a shadow on the future for nuclear energy and the uranium used to fuel it. But global efforts to reduce carbon emissions have revived interest in the power source.

“There are only a few options to produce electricity without releasing CO2,” and these include nuclear, says Jonathan Hinze, president at nuclear-fuel consultancy UxC. It is “almost impossible” to see how decarbonization can be achieved without inclusion of nuclear power, he says.

A major earthquake in March 2011 generated a tsunami that disabled the Fukushima Daiichi Nuclear Power Plant, leading to the worst nuclear disaster in a quarter century .

“After Fukushima,some believed the industry would go into a free fall, with many existing reactors closing and no new reactors built,” says Hinze. But nuclear power generation recovered to pre-Fukushima levels around 2019.Nuclear energy has moved back into the spotlight, with […]

Click here to view original web page at www.barrons.com

Summary

Uranium market has a major supply-demand imbalance of approximately 50 million pounds.

Sprott Physical Uranium Trust Fund is accumulating a major percentage of annual supply as a way to boost uranium prices.

The supply shortage could see uranium prices rise from $40/lb to over $60/lb with limited downside risks. Antoine2K/iStock via Getty Images Over the past two weeks the spot price of uranium has skyrocketed over 25% and hit a six-year high. The reason for the surge is that a new trading vehicle, the Sprott Physical Uranium Trust Fund ( OTCPK:SRUUF ), has been accumulating pounds of uranium at a torrid pace. This article will explain why this new trading vehicle should ignite a long-awaited multi-year bull market in the price of uranium. History of Uranium Uranium is mainly used to fuel nuclear reactors. This input cost is roughly 4% of all operating costs for a nuclear reactor. […]

Click here to view original web page at seekingalpha.com

Summary

Green and renewable energy is taking center stage in the climate change debate.

If carbon emissions are a benchmark, then the greenest fuel is certainly nuclear.

We go over one interesting way to play uranium. I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Antoine2K/iStock via Getty Images Sprott Physical Uranium Trust ( OTCPK:SRUUF ) is a closed-end fund that caters to investors that are bullish on uranium, but do not want the exposure to the uranium mining companies. Of course, one could add here that it also caters to those individuals that don’t desire the rigors that come with owning and storing the commodity directly. But in the case of uranium, unlike with multiple precious metal funds, we are not even sure that is possible. The fund was […]

Click here to view original web page at seekingalpha.com

Rail trucks loaded with rocks containing uranium ore wait for transportation in the Rozna mine, in 2014. We’ll take a break from the is-bad-news-on-economy-good-news-for-the-stock market discussion, to take a look at a commodities market skyrocketing in recent weeks — uranium.

Uranium futures topped $40 per pound on Tuesday for the first time in six years, and have surged 33% since mid-August. That’s propelled other uranium plays, such as Canadian producer Cameco CCJ, +5.88% , and the Global X Uranium ETF URA, +4.18% , which invests in uranium miners and other nuclear component producers. Uranium futures have surged since mid-August. Harris Kupperman, the president of hedge fund Praetorian Capital, said what’s happening is that one exchange-traded fund, the Sprott Physical Uranium Trust , is now buying uranium to store it — basically, to keep it out of the hands of the nuclear power plant operators who need it. “It’s just going […]

Click here to view original web page at www.marketwatch.com